Weak first quarter GDP growth did not deter the Fed from continuing to cut its bond-buying stimulus, which could disadvantage consumers.
Accusations that the new Fed chair is too hawkish may have more to do with investor self-interest than reality.
The Fed has scaled back on measures that have helped keep mortgage rates down, but the policies that encourage near-zero savings account rates remain.
Wall Streeters have more reason to cheer the latest Federal Reserve announcement than ordinary consumers do. Learn why.
With the language and substance of the latest Fed statement little changed from the prior one, expect little change in bank rates.